Cardano founder Charles Hoskinson said in a Nov. 7 AMA that he does not control Cardano’s treasury or consensus and cannot negotiate for all ADA holders. Treasury withdrawals require approval from delegated representatives, or DReps, and the Constitutional Committee, which checks constitutionality. Withdrawals must also meet constitutional rules and stay within the applicable spending cap.
Funded recipients are responsible for the work in their proposals, while named administrators must monitor spending and delivery. These are required roles, not proof that every project has complied. Intersect reported that AdaStat’s October maintenance milestone was signed off on Nov. 2, but that acceptance does not establish an independent security audit. A Nov. 6 report placed Leios engineering work in development, not in a mainnet release; neither example measures Cardano-wide adoption.
